Finding the best places to invest in real estate is not an easy task for the beginner real estate investor. That’s why we are taking it upon ourselves to find you the best real estate markets in the US housing market to invest in rental property. Investing in real estate for beginners is not an easy one, so we hope to make it a bit easier for you with this list!
The best cities to start investing in real estate for beginners
Without further ado
An all-time beloved Florida destination! Orlando competes with major metropolitan cities when it comes to jobs, economic growth, and stunning unemployment rates! According to Trulia.com, the Orlando housing market has witnessed a 7% year over year increase in median sales price. A real estate market with constant growth and potential! A dream come true for anyone looking to dive into investing in real estate for beginners.
Let’s take a look at Mashvisor’s analytical real estate data to better understand the hype around the Orlando real estate market:
With 56% home-ownership, real estate investors are jumping on the bandwagon to make use of the 44% of renters! According to the Orlando Regional Realtor Association, the Orlando real estate market is heating up significantly to the point that 30% of listed properties receive an offer within the first week or so. It’s definitely an inviting real estate market to start real estate investing in!
Looking for that perfect place to invest in real estate for beginners in Orlando? Read this blog post: Orlando Real Estate Market 2018: Wondering Where to Invest?
Another Florida haven is on the horizon! Watch out for it real estate investors, Jacksonville is stronger now than ever! It’s no shock that Florida cities are falling within the best cities to invest in real estate in 2018. With low unemployment rates and lower rents attracting tenants, it’s hard to leave this beautiful city to look for another!
Let’s take a look at Mashvisor’s real estate stats to understand the beast Jacksonville’s real estate market really is:
For current real estate investors in Jacksonville, the real estate market is turning into a seller’s market due to the high demand and limited supply. Investing in real estate for beginners in this real estate market would be ideal as property prices are expected to surge along with rental income.
Everybody seems to make it in Atlanta, you are no different than John Mayer or Usher! Did we also mention that the real estate market is blooming to accommodate the many faces of real estate investing?
The Atlanta real estate market is favorable for investing in real estate for beginners with a 6.4% year-over-year increase in median listing price.
Let’s take a look at Mashvisor’s real estate stats for the Atlanta real estate market:
At first sight, a real estate investor can tell that Atlanta real estate exceeds the national median property price of $188,900 by more than double. Not too bad Atlanta real estate investors! Be that as it may, the real estate market of Atlanta is great for investing in real estate for beginners.
Looking for investment properties in Atlanta? Read this blog post to get on the right track: Atlanta Real Estate 2018: Why and Where to Invest.
Phoenix is not a place we would recommend to vampires and night owls! It’s a place where the sun always shines! Phoenix is a welcoming market for investing in real estate for beginners. With high rental incomes and flexible landlord-tenant laws, it’s hard to say no to an investment property in Phoenix.
Let’s take a look at Mashvisor’s real estate stats for the Phoenix real estate market:
Investing in a rental property in Phoenix will give any real estate investor a good return on investment. In any case, if you rent out an investment property as an Airbnb rental or rent it out as a traditional rental, you will still be making a great return on investment!
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
Charlotte, North Carolina
Charlotte is your typical metropolitan city. You can find different ethnic backgrounds, social backgrounds, and even financial backgrounds all aligned in one block! With such a diverse society, Charlotte opens its arms for investing in real estate for beginners. Keep in mind that Charlotte is experiencing a migration movement in addition to constant economic growth. Let’s take a look at the Charlotte real estate market stats to understand the attraction:
Real estate for beginners works just great in this emerging real estate market. Whether you’re in it for the rental income or the real estate appreciation, the Charlotte real estate market can offer you just that!
What’s a key determinant when investing in real estate for beginners in any of the cities above?
For any real estate investor, whether novice or expert, the need to conduct a thorough real estate market analysis always prevails! Accordingly, real estate investors with investment portfolios of all shapes and sizes don’t buy investment properties without using an investment property calculator. Click here to make use of the 14-day free trial offered by Mashvisor!
Read this blog post to learn more details on the use of an investment property calculator: Should You Invest In an Investment Property Calculator?
Finding that one right neighborhood in any city to invest in can be a difficult task to achieve even in the hottest real estate markets when investing in real estate for beginners. A real estate investor must systematically calculate each real estate property’s purchase to come up with an overall investment strategy that fits his/her long-term needs! So, don’t hesitate to invest in real estate, you just need your first investment property to join the many investors in making money in real estate!
If you have any more insights on investing in real estate for beginners, please share them with us in the comments section.